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EU debates building its own payment system
Original: A Payment System Made in Europe?
The Council of the EU is highlighting the question of whether Europe should develop its own independent payment system, reducing reliance on US-dominated networks like Visa and Mastercard. The discussion reflects concerns about digital sovereignty and strategic autonomy, with debates ongoing over initiatives such as the digital euro and a potential European card payment scheme.
Why now: Concerns over Europe's dependence on foreign payment networks have renewed debate about digital and financial sovereignty.
Council of the EUEuropean Uniondigital euro
Evidence
- A Payment System Made in Europe? · Council of the EU · 164K
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